$2.58 trillion budget deficit for 2011 & 2012 per CBO

fire up the printing presses uncle ben. will foreigners buy our debt or will uncle ben continue to monetize?

“New budget estimates Wednesday paint a grim picture of the nation’s fiscal state, with the government on pace to rack up combined deficits of $2.58 trillion for 2011 and 2012 even with an improved economy.”

read more here:

http://www.politico.com/news/stories/0111/48226.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s